April factory orders, production growth at the slowest rate in 8 months, the fastest rise in prices in 7 years
Posted on Monday 3rd May, 2021 by Ankit
A monthly survey on Monday said that India’s manufacturing sector activity was largely flat in April, as growth in new orders and production reached an eight-month low, the COVID-19 crisis is between intensity. The adjusted IHS Market India Manufacturing Purchasing Managers’ Index (PMI) was at 55.5 in April, slightly changing from the March reading of 55.4. In PMI parlance, a print above 50 means expansion, while a score below 50 indicates contraction.
Source: Economics TimesBusiness Economy